If you want to get a Kisan Credit Card, but have been troubled by repeated rounds of banks and tired of the long-pending process, then we are here to help you out. Here, we are going to explain A-Z of Kisan Credit Card and the easiest method of making it in the top 5 banks of India. The government have recently announced that 2.5 crore farmers, including fishermen and those involved in animal husbandry, would get Rs 2 lakh crore of concessional credit through Kisan Credit Cards. As per the recent reports, banks have so far sanctioned a total of Rs 62,870 crore to over 70.32 lakh Kisan Credit Cardholders to help them meet their Kharif sowing needs.
70.32 lakh Kisan Credit Cards have been Sanctioned So Far
“As on 30.06.2020, 70.32 lakh Kisan Credit Cards have been sanctioned with a -credit limit of Rs 62,870 crore out of Rs 2 lakh crore concessional credit under the #Aatmanirbhar package. This will benefit 2.5 crore farmers, including fishermen & dairy farmers,” Finance Minister Nirmala Sitharaman said in a tweet.
Top banks in the country to build KCC
Axis Bank
Bank of India
State Bank of India
ICICI Kisan Credit Card
HDFC Bank (HDFC Bank)
Characteristics of These Banks
These banks have provided Kisan Credit Card to millions of farmers. Through these banks, farmers can make cards easily within a short span of time. The validity of this card is 5 years which can be renewed later. Along with this, Kisan Credit Cardholders can easily avail the benefit of PM KisanSamman Nidhi Yojana.
With its help, the farmer can take a loan related to agriculture that too is available at a very cheap rate. Farmers can take loan up to 3 lakh rupees without guarantee. Apart from this, farmers can also make KCC from other banks as well. He can directly apply it by going to any co-operative bank, Regional Rural Bank, State Bank of India, Bank of India and IDBI Bank, National Payments Corporation of India Bank.
